Salt water absolutely destroys steel and most components. Pressure washing will blast even more oil and grease out of your moving parts and make things worse.
Wash the whole bike by hand with soap, rinse everything carefully with lots of fresh water, then re-oil the chain thoroughly. Spray light oil onto any other exposed steel that won't negatively affect the braking.
Last edited by Torchy McFlux; 05-30-14 at 05:06 PM.